ABM has reported a fiscal first-quarter revenue of US$2 billion, a 3% year-over-year increase in sales.

ABM’s aviation and manufacturing and distribution divisions each reported a 6% rise in sales while the company’s education division saw sales increase 4.5%. ABM reported a quarterly net income of $38.5 million, or $0.58 per share, down 49.4% compared to $76 million, or $1.12 per share, last year. ABM attributed the decline to the absence of benefits related to prior year self-insurance adjustments as compared to the prior year period and a higher interest expense.

“Our teams executed well to help mitigate labor and other inflationary pressures, as well as the anticipated reduction in disinfection-related work orders, to deliver a solid first quarter,” said Scott Salmirs, ABM CEO and president. “Our performance also reflected favorable demand for our core janitorial, engineering, and parking services, most notably in manufacturing and distribution, aviation, and education, offset by higher interest expense and the protracted timing of programs in technical solutions as we manage through supply chain delays.”

About ABM
ABM is a provider of building maintenance and facility services across the United States and Canada, offering customized solutions for cleaning, engineering maintenance, and commercial building maintenance. For more information, visit www.abm.com.